The signing ceremony for the LTMS-PIP, which is the first multilateral cross-border electricity trade
involving four ASEAN countries.
involving four ASEAN countries.
Singapore makes first renewable energy import
In June 2022, Singapore received its first import of renewable energy from Lao PDR via Thailand and Malaysia under the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP), marking also the first multilateral cross-border electricity trade involving four ASEAN countries.
This historic milestone follows the signing of an initial two-year power purchase agreement between Keppel Electric, a subsidiary of Keppel Infrastructure, and Electricite du Laos (EdL), for the importation of up to 100 megawatts of renewable hydropower from Lao PDR. At the same time, Keppel Electric also became the first entity to be issued an electricity importer licence by Singapore’s Energy Market Authority (EMA).
Mr Ngiam Shih Chun, Chief Executive of EMA, said, “The commencement of electricity imports from Lao PDR marks a significant milestone in our regional energy cooperation. The LTMS-PIP is a key project to advance multilateral power trade in Southeast Asia and complements existing efforts towards realising the ASEAN Power Grid vision. Interconnected power grids can accelerate the deployment of renewable energy, promote supply diversification and strengthen grid stability for the region as a whole. We would like to thank our regional partners for their strong support and close collaboration in moving towards a cleaner energy future for the region.”
The LTMS-PIP is one of the electricity import trials that EMA has been working on to pave the way for larger scale electricity imports of up to 4 gigawatts into Singapore by 2035, and is part of the nation state’s efforts to tap regional power grids to access cleaner energy sources beyond its borders. Regional power grids can help accelerate the development of renewable energy projects and promote economic growth and bring greater energy security to the region.
Ms Cindy Lim, CEO of KI, said, “Keppel is honoured to be the first electricity importer licensee in Singapore and to collaborate with EdL and the other esteemed LTMS-PIP partners on this significant project to promote greater energy infrastructure connectivity and sustainability in the region. Our participation in the inaugural cross-border renewable power trade aims to be scalable and long-term, so that Keppel Electric is better able to provide renewable energy to our customers in support of their journey towards net zero.
“In line with Keppel’s Vision 2030 and as we seek to provide sustainable energy and urbanisation solutions for the region and beyond, we are also developing various other opportunities in renewables and clean energy to capture growing market demands.”
Keppel and EdL are also collaborating on the establishment of renewable energy tracking, verification and assurance through Renewable Energy Certificates (RECs) as well as other long-term renewable electricity supply, in support for the Singapore Green Plan 2030 as well as to meet the growing demand for renewable energy and energy transition for the ASEAN region.
This historic milestone follows the signing of an initial two-year power purchase agreement between Keppel Electric, a subsidiary of Keppel Infrastructure, and Electricite du Laos (EdL), for the importation of up to 100 megawatts of renewable hydropower from Lao PDR. At the same time, Keppel Electric also became the first entity to be issued an electricity importer licence by Singapore’s Energy Market Authority (EMA).
Mr Ngiam Shih Chun, Chief Executive of EMA, said, “The commencement of electricity imports from Lao PDR marks a significant milestone in our regional energy cooperation. The LTMS-PIP is a key project to advance multilateral power trade in Southeast Asia and complements existing efforts towards realising the ASEAN Power Grid vision. Interconnected power grids can accelerate the deployment of renewable energy, promote supply diversification and strengthen grid stability for the region as a whole. We would like to thank our regional partners for their strong support and close collaboration in moving towards a cleaner energy future for the region.”
The LTMS-PIP is one of the electricity import trials that EMA has been working on to pave the way for larger scale electricity imports of up to 4 gigawatts into Singapore by 2035, and is part of the nation state’s efforts to tap regional power grids to access cleaner energy sources beyond its borders. Regional power grids can help accelerate the development of renewable energy projects and promote economic growth and bring greater energy security to the region.
Ms Cindy Lim, CEO of KI, said, “Keppel is honoured to be the first electricity importer licensee in Singapore and to collaborate with EdL and the other esteemed LTMS-PIP partners on this significant project to promote greater energy infrastructure connectivity and sustainability in the region. Our participation in the inaugural cross-border renewable power trade aims to be scalable and long-term, so that Keppel Electric is better able to provide renewable energy to our customers in support of their journey towards net zero.
“In line with Keppel’s Vision 2030 and as we seek to provide sustainable energy and urbanisation solutions for the region and beyond, we are also developing various other opportunities in renewables and clean energy to capture growing market demands.”
Keppel and EdL are also collaborating on the establishment of renewable energy tracking, verification and assurance through Renewable Energy Certificates (RECs) as well as other long-term renewable electricity supply, in support for the Singapore Green Plan 2030 as well as to meet the growing demand for renewable energy and energy transition for the ASEAN region.